API3 has done a fantastic rally, however now we are in a corrective move towards $3. We have some support at $4.5, however I do not expect this to hold.
Therefore we may get a nice change to re-load at 3$ or just above previous ATH.
Daily indicators are looking bearish and we just had a negative cross on MACD. Daily RSI also formed an inverted head an shoulder and is falling. We have a long way down, let's see how low we fall, would be surprised to go under $3 though as API3 has been a very strong performer so buy interest should remain high.
Until then a possible path is on the chart. Ideal buy area is between $3.5 and $3. Buy orders in that zone should have a good chance to fill once we fall under $4.
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Therefore we may get a nice change to re-load at 3$ or just above previous ATH.
Daily indicators are looking bearish and we just had a negative cross on MACD. Daily RSI also formed an inverted head an shoulder and is falling. We have a long way down, let's see how low we fall, would be surprised to go under $3 though as API3 has been a very strong performer so buy interest should remain high.
Until then a possible path is on the chart. Ideal buy area is between $3.5 and $3. Buy orders in that zone should have a good chance to fill once we fall under $4.
Like and follow if you liked this idea!
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